Contrarian Capital Management LLC (Greenwich)

Name: Contrarian Capital Management LLC
Address: 411 West Putnam Avenue, Suite 425, Greenwich, CT, 06830
Telephone: 203-862-8200

Contrarian Capital Management LLC is a large advisory firm based in Greenwich. It manages $5.73 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Connecticut.

Contrarian Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Contrarian Capital Management: assets under management

The assets under management (AUM) of Contrarian Capital Management LLC is $5.73 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1265% since the beginning of its operation, and $1.84 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.73 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.8 million each.

Contrarian Capital Management has custody of $26.7 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Contrarian Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Contrarian Capital Management serves?

The only and largest group of clients of Contrarian Capital Management is pooled investment vehicles with 27 clients and $5.31 billion of assets under management. Among the 10 most similar advisory firms, Contrarian Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.31 billion for 27 clients. 39% of the firm’s clients are foreign persons or businesses.

Contrarian Capital Management also advises several private funds. Namely, twelve hedge funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $100,000,000.

Careers at Contrarian Capital Management LLC

The company employs 61 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jon Robert Bauer	Managing member	1 May 1997	25% - 50%	1013058
Jon R Bauer	Managing member	1 May 1997	50% - 75%	1013058
Janice Maria Stanton	Member	1 Dec 1997	Other	1428740
Gil Ashley Tenzer	Member	1 Dec 1997	Other	2437990
Michael Joseph Restifo	Cfo	1 Dec 1997	Other	1896984
Cibc World Markets Corp	Member	1 Dec 1997	Other	13-2798343
L.L.C. Ccm Investment	Member	1 Jan 2003	Other	54-2094115
Gina Nicole Scianni	Chief compliance officer	1 Jun 2010	Other	4364057
Heritage Investment Llc	Member	1 Dec 2011	Other	45-2736167
Marten Ccm Llc	Member	1 Jan 2013	Other	46-2980393
Lewis Benjamin Schwartz	Chief operating officer	1 Jan 2015	Other	4937162
Jeffrey Adam Kravetz	Chief financial officer	1 Mar 2015	Other	6470754
Xiao Hui Song	Special limited member	1 Nov 2016	Other	4427907
William James Raine	Special limited member	1 Nov 2016	Other	6776421
Jeffrey David Bauer	Special limited member	1 Nov 2016	Other	6776429
Nash Holdco Llc	Special limited member	1 Nov 2016	Other	81-4478913

Indirect Owners

The SEC currently registers 21 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bauer Family 2003 Trust	Member	1 Feb 2003	75% - 100%	xxx-xx-xxxx
Jon Robert Bauer	Manager	1 Feb 2003	Other	1013058
Jon R Bauer	Member	1 Feb 2003	75% - 100%	54-2094115
Janice Maria Stanton	Member	1 Dec 2011	75% - 100%	1428740
Janice Stanton 2010 Family Trust U/A/D 4/26/10	Member	1 Dec 2011	25% - 50%	xxx-xx-xxxx
Gil Ashley Tenzer	Manager	1 Jan 2013	Other	2437990
Marten Investment Trust	Member	1 Jan 2013	75% - 100%	xxx-xx-xxxx
A Division Of Wilmington Savings Fund Society Fsb Christiana Trust	Trustee	1 Jan 2013	Other	42-1535619
Bauer Family Gst Exempt 2014 Trust	Member	1 Sep 2014	75% - 100%	xxx-xx-xxxx
Jon Robert Bauer	Manager	1 Sep 2014	Other	1013058
Kenneth Fields	Trustee	1 Sep 2014	Other	2226409
Fiduciary Trust International Of Delaware	Trustee	1 Sep 2014	Other	51-0380516
Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015	Member	1 May 2015	25% - 50%	xxx-xx-xxxx
Traci Joy Lerner	Trustee	1 May 2015	Other	1085608
Mark Lerner	Trustee	1 May 2015	Other	6813034
South Dakota Trust Company Llc	Trustee	1 Nov 2016	Other	80-0003725
Emilce Analia Avila	Manager	1 Nov 2016	Other	5528654
2016 Song Family Trust U/A/D November 29	Member	1 Nov 2016	75% - 100%	81-6940500
2016 Song Family Trust U/A/D November 29	Member	1 Feb 2018	75% - 100%	81-6940500
Upper Nash Llc	Member	1 Feb 2018	75% - 100%	36-4892179
Emilce Analia Avila	Manager	1 Feb 2018	Other	5528654

Based in Greenwich

The principal office where Contrarian Capital Management LLC performs its advisory services is located at 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-862-8200 or by fax 203-629-1977. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at contrariancapital.com.